Accessing available data , acts as a huge source for an efficient productivity drive leading to profitability. Many businesses operating in the digital era have massive data. Under the traditional system , extracting of data was a herculean task , but under the present system where all datas are stored digitally , access data would be available at finger tips by the press of a button. The data so compiled under the digital systems would be of great help for analysis to all departments viz., for executives in Finance, Human Resources, IT, Sales, Service & Support, Quality Improvement, Supply Chain, and every other business function and departments .
- Old data mining required manual usage, but new AI have the capabilities to do it for you
- Understanding the data is also critical. We often have too much so how to make sense of it all is key.
- Work on projects that make sense of the data mining to increase productivity instead of mining for mining sake
“The benefits of effective data analysis include vastly improved productivity, efficiency and the ability to make sound decisions.”